If fixed costs are $1,500,000, the unit selling price is $232, and the unit variable costs are $105, what is the amount of sales in units (rounded to a whole number) required to realize a target profit of $240,000? Oa. 13,701 units Ob. 14,286 units Oc. 6,466 units Od. 2,286 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
If fixed costs are $1,500,000, the unit selling price is $232, and the unit variable costs are $105, what is the amount of sales in units
(rounded to a whole number) required to realize a target profit of $240,000?
Oa. 13,701 units
Ob. 14,286 units
Oc. 6,466 units
Od. 2,286 units
Transcribed Image Text:If fixed costs are $1,500,000, the unit selling price is $232, and the unit variable costs are $105, what is the amount of sales in units (rounded to a whole number) required to realize a target profit of $240,000? Oa. 13,701 units Ob. 14,286 units Oc. 6,466 units Od. 2,286 units
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education